Marketing 3500: Global Business

The four determinants of social class are education,income, occupation and family background. This is important to consumer behavior because these determine what they will be interested in education will influence how people will interact with a company and how they will express what they want. Income will influence social class because it determines what people can afford to buy. Occupation influences consumer behavior because the people you are around will change the way you consume products. Family background will influence consumer behavior because that shapes the way you think because of the experiences that you had in the past.

Aaron Rodriguez Global Business Jeffery Anderson November 26,2018 Organizational Control https://smallbusiness.chron.com/organizational-control-important-organizational-performance-76209.html This article explains what organizational control is and what the benefits are of organizational control. Organizational control includes developing rules and procedures for directing the work and processes of employees and departments.  A control can depend on an individual employee following the guideline, or require a multiple parties to agree on an action. The advantages highlighted in the paper are financial stability, brand management, increased productivity and efficiency and legal compliance. The first advantage which was financial stability comes from the fact that commonly businesses control target is regulating financial procedures. When these are regulated and stabilized the company can know how much money they have coming in and going out. Limits are set in order to ...

Rolls Royce violates FCPA Rolls Royce had to pay the United states $170 million in part of a global fine of $800 million from an investigation from United Kingdom and Brazilian officials which Rolls Royce bribed government officials in exchange for government contracts. For more than a decade in the years of 200-2013 they resorted to bribes to get a competitive advantage. They paid in total of $35 million through third parties to foreign officials to obtain confidential information and be awarded contracts. The countries that were involved were Thailand, Brazil, Kazakhstan, Iraq, Angola and Azerbaijan. The company had to pay the United States 195,498,880 which the payment from th conviction from an investigation into its Brazilian briberies lowered it to $170 million to the United States.A number of factors contributed to the departments criminal resolution including the fact that Rolls Royce did not disclose any information until the SFO had initiated an inquiry and that the corru...

Aaron Rodriguez Marketing 3500: Global Business Jeffery Anderson October 16,2018 Global business Example 3 The article “Trade Goings-On: U.S.-UK Draft Agreement, New Book, and Peter Navarro's Conversion” illustrates how absolute advantage plays out in this new economic environment and how countries can not be good at everything and how the new trade policies, such as the new steel and aluminum tariffs, made by President Donald Trump could affect that. Donald Trump's policy is a protectionist effort to keep labor-intensive assembly jobs in America which has multiple consequences to the American and Global economies. The article highlights how America should focus on their absolute advantage such as capital-intensive technology, aircraft, and services. While countries like China focus on mostly labor-intensive assembly and low-skilled manufacturing. This specialization will reduce the opportunity cost and save each country billions of dollars. This article is an exce...

Why do acquisitions fail? https://www.forbes.com/sites/richardkestenbaum/2017/04/04/why-corporate-acquisitions-fail-and-how-to-avoid-it/#264fd95956e3 Acquisitions fail because companies lack the understanding of culture.  When an acquisition is made there is a change in culture between both companies. The people who are working in the company tend to be uncomfortable and they often leave. Why are Greenfield Ventures attractive? https://www.investopedia.com/terms/g/greenfield.asp Greenfield ventures are attractive because developing countries tend to give subsidies and can give positive human capital and deliver positive returns over the long run. What are the advantages and disadvantages of both? https://investmentbank.com/pros-and-cons/ Acquisitions Pros: Most time efficient growth strategy, Reduce competition Stronghold, Short term gain due to asset stripping Cons: Runaway costs, difficulty in managing resources when there is diverse products, Company cultu...

Select a country to examine each of the following topics: find two (2) norms find one (1) example of social stratification find one (1) example of unspoken language In Japan two norms that are very interesting are unwelcome mats and that all books are sealed. In Japan around tourist areas they put unwelcome mats for foreigners. This is almost like a do not  disturb sign outside their house. In Japan they want it to be quiet and most mats say please be quiet so they can have their peace in their home The other norm in Japan is that all books are sealed in a plastic wrap. This practice prevents people from spending long periods of time browsing magazines without making a purchase In Japan the social stratification is split up into three classes, upper class, middle class and lower class. The way that defines what social class you are in is based on power, money and social status. Each class is then divided even further. The upper class is divided into two different c...

Exam 1 Study Guide Chapter 1: Globalization ·         What is Globalization the process by which businesses or other organizations develop international influence or start operating on an international scale. o    Markets and Production ·         Main Drivers ·         Foreign Direct Investment (FDI)- how many companies invest in a company from other countries ·         Multinational Enterprise (MNE)- companies in multiple nations ·         World Trade Organization (WTO) - regulates trade around the world Chapter 2: National Differences in Political, Economic, and Legal ·         Political systems o    Collectivism vs Individualism Collectivism - community based Individualism - self based o  ...

The Enron scandal was one of the largest falls of a company of all time. Enron at its peak sold for $90.75 a share and then dropped to $0.26 a share after declaring bankruptcy. The way that the company ran into this problem was because of the personal ethics  of the company’s CEO.The CEO Jeferey Skiling hid the financial loses using market to market accounting. They manipulated the numbers claiming the fair value was higher than the actual cost. This is important to personal ethics because depending on what someone's personal ethics are determines how they will run into problems and if they will follow the rules and laws of a country. A company that ran into problems when it came to environmental pollution issues was Volkswagen. Volkswagen lied about the figures when emissions testing was being conducted. The way that they did this was by installing a device to trick the system into thinking that the cars did not emit as much carbon dioxide as it did. This is important because ...

Joint ventures https://businesstown.com/12-advantages-and-disadvantages-of-a-joint-venture/ Advantages: Both parties share risk and cost, Its temporary,  can be flexible by limiting commitment and exposure   Disadvantages: Clash of cultures, restriction of outside projects while working on a venture project, A lot of research and planning is necessary Wholly Owned Subsidiaries https://bizfluent.com/info-8627934-advantages-disadvantages-wholly-owned-subsidiary.html Advantages: Simplified financial reporting, Parent company retains operational control, Speedy strategic decision making https://www.investopedia.com/terms/w/whollyownedsubsidiary.asp Disadvantages: Paying too much for assets, establishing relationships with vendors takes time, cultural differences Exporting https://www.nibusinessinfo.co.uk/content/advantages-and-disadvantages-exporting Advantages:  expanding of markets, larger economies of scale, can change existing products to suit ne...

Japan is an ancient society who has sought to modernize itself since WWII due to American influence. Their blend of the tranquility of the past and the amenities of the future have made them a market to which many companies in America as well as around the world have looked to have their staple in the economy. The country is constantly growing and has economic stability that looks to last for a very long time. This creates a great opportunity for new companies to come in because they are very aware of foreign products and tend to embrace them but also may cause a problem due to their loyalty to the existing products in the country if they don’t understand the people and culture. If a company learns how to understand the culture then they will become successful. This artificial intelligence company should enter the market due to the growing interest in technology and lack of competitors in the field.      Japan is 364 thousand square kilometers which is split up i...